Seasonal events are impacting air cargo traffic and rate development in the week ending 15 February. After a run of five consecutive week-on-week increases in global airfreight tonnage, worldwide volumes dropped -7% as all flowers had been delivered for Valentine’s Day and global trade activity slowed down in the run-up to the Lunar New Year (LNY) holiday that started earlier this week on 17 February.
For more details, please refer to the WorldACD weekly report (PDF).
